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Coloured Ties Capital ( (TSE:TIE) ) has shared an announcement.
Coloured Ties Capital, alongside shareholders Kal and Rauni Malhi, plans to solicit proxies at Labrador Gold’s February 24, 2026 shareholder meeting to overturn the current board and block management’s proposed shift to a hybrid resource development and investment issuer model. The group, which controls about 8.4% of Labrador’s shares, accuses the board of persistent value destruction, citing the sale of the Kingsway gold project just before a major gold price run and the subsequent sale of New Found Gold shares at a substantial realized and opportunity loss, and argues that management’s poor investment record makes the new business strategy especially risky; instead, they want a reconstituted board to redirect Labrador’s cash into 100%-owned brownfield mineral exploration projects and rebuild the company as a credible exploration player.
More about Coloured Ties Capital
Coloured Ties Capital Inc. is an investment company that holds one of the largest shareholder positions in Labrador Gold Corp., a Canadian mineral exploration company. Labrador has historically focused on gold exploration projects, including the now‑sold Kingsway Project, and is considering a shift toward a hybrid model that combines resource development with investment activities.
Average Trading Volume: 11,761
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$5.47M
See more data about TIE stock on TipRanks’ Stock Analysis page.